Industry economic outlook remains positive as expectations rise
BATON ROUGE — The Industry Economic Outlook Index measured 65 on Monday, remaining above the expansion threshold of 50 despite a shifting workforce, geopolitical and economic uncertainty, according to the Greater Baton Rouge Industry Alliance. The Greater Baton Rouge Industry Alliance's Industry Economic Outlook Index has stood at 65, above the expansion threshold of 50. The survey, conducted in late September through early October, polled participants from across Ascension, East Baton Rouge, Iberville, St. Charles, St., St. Landry, St James, St John the Baptist and West Baton Rouge parishes. Most plant managers expect production, employment and capital investment to remain unchanged in the coming quarter, with about 40% expecting their company's capital investment investment to increase. Factors that could affect these decisions include seasonal demands, skilled trade shortages, and workforce shifting to other areas due to housing market issues, tariffs, tax competitiveness and increasing labor costs. Most manufacturers predict stability with room for growth due to expansions and changing needs.
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BATON ROUGE — The Industry Economic Outlook Index measured 65 on Monday, remaining above the expansion threshold of 50 despite a shifting workforce, geopolitical and economic uncertainty, according to... [1174 symbols]
